Default in performance of covenants Sample Clauses

Default in performance of covenants. The Obligors shall default in the performance of any of their other obligations or covenants set forth in this Agreement or any other Loan Document (and not otherwise addressed in this Section 9.1) and such default remains uncured for thirty (30) days after written notice of default to the Obligors.
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Default in performance of covenants and conditions If the Company commits a breach of any of the covenants, conditions or provisions contained in the Transaction Documents which breach is incapable of remedy or, if in the opinion of the Trustee, capable of remedy, is not remedied within 90(Ninety) Business Days after written notice of such breach has been given to the Company by the Trustee.
Default in performance of covenants and conditions If the Company commits a breach of any of the covenants, conditions or provisions contained in the Transaction Documents which breach is incapable of remedy or, if in the opinion of the Trustee, capable of remedy, is not remedied within 90(Ninety) Business Days after written notice of such breach has been given to the Company by the Trustee. Bajaj Housing Finance Ltd. Catalyst Trusteeship Ltd. Debenture Trust--Cum-Hypothecation Deed (Series 23; RS. 1,138,870,800/- )
Default in performance of covenants. In the event Landlord shall be in default on any of its covenants contained herein and such default continues for fifteen (15) days after the service of written notice pursuant to Section 16.01 of the existence of such default and Landlord is not diligently pursuing the cure of such default at the end of said fifteen (15) day period, Tenant may perform any covenant of Landlord as to which Landlord is in default, and Tenant shall have the right to deduct from the rental provided for herein its costs and expenses paid out and expended.
Default in performance of covenants and conditions If the Company commits a breach of any of the covenants, conditions or provisions contained in the Transaction Documents which breach is incapable of remedy or, if in the opinion of the Bajaj Finance Ltd. Catalyst Trusteeship Ltd.

Related to Default in performance of covenants

  • Default in Performance of Other Covenants and Conditions The Borrower or any other Credit Party shall default in the performance or observance of any term, covenant, condition or agreement contained in this Agreement (other than as specifically provided for otherwise in this Section) or any other Loan Document and such default shall continue for a period of thirty (30) days after written notice thereof has been given to the Borrower by the Administrative Agent.

  • Default in Performance (i) Any Loan Party shall fail to perform or observe any term, covenant, condition or agreement on its part to be performed or observed and contained in Section 8.4.(h) or Article IX.; or

  • Default in Performance of Certain Covenants Any Borrower or any other Credit Party shall default in the performance or observance of any covenant or agreement contained in Sections 7.1, 7.2 or 7.4(a)(i)(A) or Articles IX or X.

  • Default in Payment of Interest and Other Obligations The Borrower shall fail to pay when due any interest on any of the Loans or any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document, or any other Loan Party shall fail to pay when due any payment Obligation owing by such other Loan Party under any Loan Document to which it is a party, and such failure shall continue for a period of 5 Business Days.

  • Default in Payment of Principal The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

  • Prevention or Delay in Performance by the Depositary or the Company Neither the Depositary nor the Company nor any of their respective directors, employees, agents or affiliates shall incur any liability to any Owner or Holder (i) if by reason of any provision of any present or future law or regulation of the United States or any other country, or of any governmental or regulatory authority or stock exchange, or by reason of any provision, present or future, of the articles of association or similar document of the Company, or by reason of any provision of any securities issued or distributed by the Company, or any offering or distribution thereof, or by reason of any act of God or war or terrorism or other circumstances beyond its control, the Depositary or the Company shall be prevented, delayed or forbidden from, or be subject to any civil or criminal penalty on account of, doing or performing any act or thing which by the terms of this Deposit Agreement or the Deposited Securities it is provided shall be done or performed, (ii) by reason of any non-performance or delay, caused as aforesaid, in the performance of any act or thing which by the terms of this Deposit Agreement it is provided shall or may be done or performed, (iii) by reason of any exercise of, or failure to exercise, any discretion provided for in this Deposit Agreement, (iv) for the inability of any Owner or holder to benefit from any distribution, offering, right or other benefit which is made available to holders of Deposited Securities but is not, under the terms of this Deposit Agreement, made available to Owners or holders, or (v) for any special, consequential or punitive damages for any breach of the terms of this Deposit Agreement. Where, by the terms of a distribution pursuant to Section 4.01, 4.02 or 4.03, or an offering or distribution pursuant to Section 4.04, or for any other reason, such distribution or offering may not be made available to Owners, and the Depositary may not dispose of such distribution or offering on behalf of such Owners and make the net proceeds available to such Owners, then the Depositary shall not make such distribution or offering, and shall allow any rights, if applicable, to lapse.

  • Default in Payment Any payment not made within ten (10) business days after it is due in accordance with this Agreement shall thereafter bear interest, compounded annually, at the prime rate in effect from time to time at Citibank, N.A., or any successor thereto. Such interest shall be payable at the same time as the corresponding payment is payable.

  • Non-Performance of Other Covenants and Obligations Any Obligor shall default in the due performance and observance of any other agreement contained herein or in any other Loan Document executed by it, and such default shall continue unremedied for a period of 30 days after notice thereof shall have been given to WWI by the Administrative Agent at the direction of the Required Lenders.

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